Sunstone Hotels: Not Eyeing 'Significant' Hotel Forfeits | wsj.com
After handing the keys back to a lender of one of its distressed hotels, Sunstone Hotel Investors Inc. (SHO) said Monday it's not looking to abandon a lot more properties, but indicated more forfeits could be in store. "We would like to point out that it is not our (intent) to convey a significant number of our hotels back to the lenders," said Ken Cruse, chief financial officer of Sunstone Hotel, during a conference call.
